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Kennith Bogan

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White House Targets Economic Risks from Climate Change

Kennith Bogan

A new 40-page report takes a broad view on steps being taken to mitigate risks, including possible HUD and VA buyer disclosures on flood and climate-related threats.

WASHINGTON (AP) – The Biden administration is taking steps to address the economic risks from climate change, issuing a 40-page report Friday on government-wide plans to protect the financial, insurance and housing markets, and the savings of American families.

Under the report, the mortgage process, stock market disclosures, retirement plans, federal procurement and government budgeting are all being reconsidered so the country could price in the risks being created by climate change. The report is a follow-up to a May executive order by President Joe Biden that essentially calls on the government to analyze how extreme heat, flooding, storms, wildfires and broader adjustments to address climate change could affect the world’s largest economy.

“If this year has shown us anything, it’s that climate

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Report: Fla. Closing Costs Are 2.32% of Home Price

Kennith Bogan

In the U.S., closing charges, which includes taxes, were being up 10.5% calendar year-to-12 months, and just about $7K for an average rate house. In Fla. it is a bit greater: $8.5K for the ordinary home.

SAN DIEGO – In the first fifty percent of 2021, ordinary closing charges for purchasing a single-household U.S. residence had been $6,837 which include taxes (up 12.3% yr-to-yr), and $3,836 excluding taxes (up 10.5% yr-to-12 months). Refinancing charges elevated marginally to $2,398 – a 4.87% adjust from the documented 2020 ordinary of $2,287, in accordance to ClosingCorp, a service provider of residential true estate closing charge details and engineering.

Since ClosingCorp based mostly its calculations on a condition or metro area’s ordinary house rate, the greenback amounts used for comparisons can differ.

In Florida, the common house cost made use of for the research for the 1st 50 percent of the yr was $368,560.

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